Standard Deviation Moves - Sierra Chart | futures io social day trading
futures io futures trading


Standard Deviation Moves
Updated: Views / Replies:2,958 / 25
Created: by WilleeMac Attachments:2

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 2  
 
Thread Tools Search this Thread
 

Standard Deviation Moves

  #1 (permalink)
Elite Member
Prospect, KY. USA
 
Futures Experience: None
Platform: Sierra Chart
Broker/Data: Infinity
Favorite Futures: /CL
 
WilleeMac's Avatar
 
Posts: 684 since Jan 2012
Thanks: 301 given, 608 received

Standard Deviation Moves

Here is a link to a study based on Jeff Augen's SD price spikes. Although it does not incorporate volume it does very well with standard deviation moves in price (which by theory volume will accompany the price action.)

https://www.sierrachart.com/supportboard/showthread.php?t=33846

Assumption - the ID for the above mentioned study is one (1)

You would then use the study Color Bar Based on Alert Condition

The alert would be =and(ID1.SG1>=2,ID1.SG1<3)

What this will do is place an alert on the bar when it has moved two standard deviations, less than three relative to the set number for the lookback period

-William

Reply With Quote
The following 2 users say Thank You to WilleeMac for this post:
 
  #2 (permalink)
Elite Member
Prospect, KY. USA
 
Futures Experience: None
Platform: Sierra Chart
Broker/Data: Infinity
Favorite Futures: /CL
 
WilleeMac's Avatar
 
Posts: 684 since Jan 2012
Thanks: 301 given, 608 received

Here's a formula that I've put together for low spread, low volume

Assumption: ID5 is Numbers Bars Calculated Values

Study: Color Bar Based on Alert Condition

=and(c>=o,abs(h-l)<=ticksize*3,ID5.SG2<50)

-William

Reply With Quote
The following 2 users say Thank You to WilleeMac for this post:
 
  #3 (permalink)
Slow Learner, Slow Burner
Melbourne, Australia
 
Futures Experience: Intermediate
Platform: NT8, Multicharts,Sierra
Broker/Data: CQG, IB
Favorite Futures: YM,CL,GC,6E,6J
 
Posts: 94 since Mar 2013
Thanks: 82 given, 45 received


Really interesting stuff.

Why though would you exclude any pops above 3 ?

I'd have two instances, one with a pop above 2 and one with a pop below -2.

I try and keep it simple and not draw any conclusions on what the pops may mean without context

Reply With Quote
 
  #4 (permalink)
Elite Member
Prospect, KY. USA
 
Futures Experience: None
Platform: Sierra Chart
Broker/Data: Infinity
Favorite Futures: /CL
 
WilleeMac's Avatar
 
Posts: 684 since Jan 2012
Thanks: 301 given, 608 received

Thank you

I'm only psoting examples of syntax and how to make easy use of studies already in SC vs custom

The parameters can be changed to what fits your style, instrument etc

For example on /CL I'll use different criteria after 0930amET vs Globex

I use this primarily for "hello" something out of the ordinary is taking place

For example on the Augen price spikes I use GT(>) 2 LT 3, GT 3 LT 4 and GT 4

Most of this comes from many moons of screen time which started with Thinkscripter VSA_Lite

I mostly use the same settings for /6B, E and /CL with some minor tweeks here and there - obviously of those three, each has it's own character

The Numbers Bars Calculated Values is a very powerful study in SC. The study Numbers Bars takes up too much real estate

90% of my decisions are based on price action and not MACD, CCI, Stochastics etc

-William

Reply With Quote
 
  #5 (permalink)
Slow Learner, Slow Burner
Melbourne, Australia
 
Futures Experience: Intermediate
Platform: NT8, Multicharts,Sierra
Broker/Data: CQG, IB
Favorite Futures: YM,CL,GC,6E,6J
 
Posts: 94 since Mar 2013
Thanks: 82 given, 45 received

I'm grateful William.

You showed me a way to get some form of useful VWAP type thing on my screen without it cluttering anything up.

Thank you

Reply With Quote
The following user says Thank You to hoolio for this post:
 
  #6 (permalink)
Elite Member
Prospect, KY. USA
 
Futures Experience: None
Platform: Sierra Chart
Broker/Data: Infinity
Favorite Futures: /CL
 
WilleeMac's Avatar
 
Posts: 684 since Jan 2012
Thanks: 301 given, 608 received

Regarding the study Numbers Bars Calculated Values

As I mentioned above the Numbers Bars Study takes up too much real estate (at least for me)

So in lieu of this I've been poking at various components of NBCV

Something that I look at instead of Volume Delta is Tick Delta

Anyway throwing that out there

-William

EDIT

For /CL

EDIT2

Here's the alert syntax that I'm using for /CL

=ID5.SG24<=-21 ,, =ID5.SG24>=21

Different instruments, different trading styles, different objectives will most likely warrant an adjustment of that Tick Delta GT/ LT/ ET


Last edited by WilleeMac; June 16th, 2015 at 11:16 AM.
Reply With Quote
 
  #7 (permalink)
Elite Member
Prospect, KY. USA
 
Futures Experience: None
Platform: Sierra Chart
Broker/Data: Infinity
Favorite Futures: /CL
 
WilleeMac's Avatar
 
Posts: 684 since Jan 2012
Thanks: 301 given, 608 received

Here's a cheat sheet of the Numbers Bars Calculated Values Descriptions

-William

NumbersBarsCalcValDesc.xls

Reply With Quote
The following 2 users say Thank You to WilleeMac for this post:
 
  #8 (permalink)
Elite Member
Prospect, KY. USA
 
Futures Experience: None
Platform: Sierra Chart
Broker/Data: Infinity
Favorite Futures: /CL
 
WilleeMac's Avatar
 
Posts: 684 since Jan 2012
Thanks: 301 given, 608 received

I track the bar delta for certain levels of price action /participation using the above study

/CL has different levels (/6E does but not near as much) of participation Globex vs NY typically starting about 8amET so the rate of change is more/ higher

How I get around having to change the threshold is having the same study loaded twice

ID5 is numbers bars calc val and SG1 is delta

=ID5.SG1>=50 (lime green triangle)
=ID5.SG1>=75 (dark green triangle)

They are loaded in that order and the last will overwrite the first (LIFO)



-William

Reply With Quote
 
  #9 (permalink)
Slow Learner, Slow Burner
Melbourne, Australia
 
Futures Experience: Intermediate
Platform: NT8, Multicharts,Sierra
Broker/Data: CQG, IB
Favorite Futures: YM,CL,GC,6E,6J
 
Posts: 94 since Mar 2013
Thanks: 82 given, 45 received

William,

Does your last post mean you've gone back to bar delta instead of tick delta (ie SG1 instead of SG24) ?

Reply With Quote
 
  #10 (permalink)
Elite Member
Prospect, KY. USA
 
Futures Experience: None
Platform: Sierra Chart
Broker/Data: Infinity
Favorite Futures: /CL
 
WilleeMac's Avatar
 
Posts: 684 since Jan 2012
Thanks: 301 given, 608 received


I'm watching both but now with more emphasis on volume change

To a degree they go hand in hand because /CL trades a bunch of one contracts

Plug in what works best for you

As you know no two days are the same when it comes to trading

-William


Last edited by WilleeMac; July 6th, 2015 at 01:47 PM. Reason: sp, clarify
Reply With Quote

Reply



futures io > > > > Standard Deviation Moves

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Code for VWAP with Standard Deviation 1 and 2 jimmyz MultiCharts 0 November 20th, 2014 04:30 PM
weekly standard deviation situhold ThinkOrSwim 0 September 11th, 2014 09:36 PM
standard deviation of volume daytrader07 Platforms and Indicators 5 May 14th, 2014 09:54 AM
Standard Deviation Channel honkin MetaTrader 2 April 5th, 2014 04:13 AM
SMA + Standard Deviation Indicator dreart NinjaTrader 1 December 10th, 2012 08:13 PM


All times are GMT -4. The time now is 02:55 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-18 in 0.14 seconds with 20 queries on phoenix via your IP 54.92.194.75